UAE Waives Late Registration Penalties for Corporate Taxpayers
To qualify, businesses must file tax returns or annual financial statements within seven months of their first tax period’s end.
The Ministry of Finance (MoF) and the Federal Tax Authority (FTA) have announced a waiver of late registration fines for corporate taxpayers and exempt entities that missed deadlines to register with the FTA. The move aims to strengthen voluntary compliance and ease financial pressures on businesses during the first year of corporate tax implementation.
Eligible entities must submit their tax returns or annual financial statements within seven months of the end of their inaugural tax period to qualify. The FTA will also refund fines already paid by individuals or businesses meeting these criteria.
The exemption excludes non-compliant entities, with fines remaining enforceable for unresolved cases.
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